Quote from: 1Referee on December 27, 2018, 11:20:51 PM

Quote from: Baofeng on December 27, 2018, 10:42:24 PM

there might be some good news like the BAKKT offerings that may change the sentiments of investors to put their money and gamble on the market so let's see how it goes in 2019. And pray to the crypto Gods that it will be different, a change for the better.

I honestly am not that confident in an approval for Bakkt. It wouldn't surprise me if the CFTC wants to see the market and the sentiment improve before they even think about an approval. It's not the Winklevoss twins asking for approval, we're talking about ICE, one of the top dog wall street institutions. If they are facing delay after delay, it really seems that there isn't much to look forward to, at least, not any time soon.

I don't think the CFTC cares about market sentiment. That's not within their purview. I think they're more concerned about matters of custody and security.

It was only delayed once, so I'm inclined to write that off. I was surprised they only pushed it back to January considering the procedural requirements (open comment period) and the holidays, so I expect to see it pushed back one more time. These aren't the first physically-settled Bitcoin derivatives the CFTC has approved so I think it'll be easier than pushing an ETF through SEC approval.